LUUV | Updates

By Tim Kirchner

LUUV Makes Considerable Progress on Production Preparations and Publishes New Testimonial

Public

Date: Wednesday, 10 February 2016

Dear Companists,

Last week was again a very exciting one for LUUV: We made considerable progress in terms of the production launch of solidLUUV and completed preparations for the production of one of the product's key components, the grip.

The grip is the control element of solidLUUV, that is, the part where people place their index finger and thumb while filming. The grip's unique structure ensures that a natural tremor of the hand affects neither solidLUUV nor the camera connected to it. Consequently, this component has a major role in one of the key competitive advantages of solidLUUV: its one-handed operation.

We have published additional information on the grip, its development and function, and the general state of production preparations in a production update on our Kickstarter page.

L-R: The evolution of solidLUUV's Grip, over the past two years

At CES in Las Vegas and ISPO in Munich, we had an excellent start of 2016. As a result, we are now in contact with many interesting distributors, retailers, beta testers, testimonial providers, and consumers, and we know there is great potential for exclusive B2B cases. Above all else, however, we are happy about the entirely positive feedback our products have been receiving. This is yet another reason for us to pool our resources for the upcoming start of production.

We also used our public appearances to meet with some of our Kickstarter backers, for instance with freerider and skier Michael Normann, who had the exclusive opportunity to test ultraLUUV himself. We would like to share that moment with you here:

Comments

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

Please note

The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.